FinOps: Start-Up with Aquin

Sustainable business model based on seamless technology infrastructure

FinOps is an independent service company based in Zurich, offering MidOffice Services to Asset Managers and Pension Funds. The company was founded in 2006 and runs the administrative tasks necessary for the operation and control of collective investment products. This includes the settlement of transactions with third parties and position keeping.

We wanted all system applications on the same platform to guarantee a seamless exchange of data between the various modules – efficiency is paramount. The system had to be applicable to both traditional and alternative investment schemes such as hedge funds, as we want to offer our client the broadest range of options. Our customer base is extremely diverse and so the software had to be flexible enough to be tailored to individual clients' requirements. It also had to be able to include the full set of client data and provide free configurability.

Damian Tobler Sales & Marketing FinOps

Seamless transition: Efficiency without frictional loss

Aquin implemented the complete infrastructure within only six months. In total, FinOps uses three Aquin systems. MIG21 provides for the administration as well as ex-ante and ex-post monitoring of all the legal and contractual investment guidelines. ORS, the order management system, controls all order processes from order capture through to trading right on up to settlement using MEGOS' Moneysoft fund accounting system. Thanks to the seamless integration between ORS and MIG21 FinOps is also able to simulate orders and their effects.

The DVS data warehouse provides a comprehensive database that possesses the flexibility to be expanded and configured as well as enabling the processing of special reporting requirements. In addition, it supplies ORS and MIG21 with quality-controlled, consistent data and information.

"MIG21 is considered the standard in the Swiss market. This was vital for our decision since compliance with all audit requirements is a core element of our offering. ORS has fulfilled all our requirements and in addition we can also offer it to our clients. They can use it as a platform and to manage and place orders, meaning our smaller clients do not need to set up their own portfolio management system," explains Stefan Lorbe, Head of Operations and IT at FinOps

"We were particularly impressed by the openness of the DVS data model," says Tobler. "It is very easy to set up specific products – such as an environmental fund – according to the client's individual demands. Our customers benefit from our ability to process complex investment products within a short space of time. "

The seamless integration of Aquin products across all areas of FinOps

IT infrastructure saves time and increases process efficiency. Clients benefit from quick and lean order processes, flexible scalability and daily reporting which come as standard features.

Key Company Data FinOps AG FinOps AG is a young, independent service company, offering MidOffice Services to Asset Managers and Pension Funds. The company runs administrative tasks which are necessary for the operation and control of collective investments. Branch Service provider to the investment management sector Facts & Figures Main office: Zurich, Switzerland Founded: 2006 Employees: 8 (increasing) Challenge As a start-up provider of MidOffice services, FinOps needed a tailored IT infrastructure to put its business model into effect A high process efficiency was vital to guarantee quality and effectiveness for FinOps and its clients The solution had to be flexible and provide multi-client capability to grow with the business volume Solution MIG21 Investment Compliance ORS Trade and Order Processing DVS Data Warehouse and Reporting

Benefits Extremely short project duration – complete integration of MIG21, ORS, DVS and MEGOS in only six months Order management, investment compliance and data warehouse are seamlessly integrated and interact with the position keeping as well as with external traders and custodian banks Flexible integration of complex and alternative investment products Multi-client capability – data sets can be separated and parameterised Free scalability of the complete solution or individual components Transparency through daily reporting feature

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